iShares U.S. Utilities ETF (NYSEARCA:IDU) Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC cut its holdings in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,836 shares of the company’s stock after selling 2,522 shares during the quarter. Sowell Financial Services LLC owned about 0.11% of iShares U.S. Utilities ETF worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. New Wave Wealth Advisors LLC purchased a new position in iShares U.S. Utilities ETF during the fourth quarter worth about $117,000. Vertex Planning Partners LLC acquired a new position in shares of iShares U.S. Utilities ETF in the 3rd quarter worth approximately $211,000. Hilltop Holdings Inc. purchased a new position in shares of iShares U.S. Utilities ETF during the 3rd quarter worth approximately $224,000. Thrivent Financial for Lutherans acquired a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at approximately $240,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in iShares U.S. Utilities ETF in the fourth quarter valued at approximately $228,000.

iShares U.S. Utilities ETF Stock Up 0.8 %

NYSEARCA:IDU opened at $100.16 on Tuesday. iShares U.S. Utilities ETF has a 52 week low of $80.68 and a 52 week high of $106.16. The stock’s fifty day moving average is $99.53 and its two-hundred day moving average is $99.97. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 21.58 and a beta of 0.61.

About iShares U.S. Utilities ETF

iShares U.S. Utilities ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Utilities Index (the Underlying Index). The Underlying Index measures the performance of the utilities sector of the United States equity market.